James Bird
To rent (to myself) or not to rent
I bought a 4bed 2bath split-entry foreclosure 2 years ago as my first home (and still live there). I'm currently closing on my second single family and looking for a 3rd, so I set up the LLC, bank accounts, etc. My cu...
Alex Shaughnessy
using heloc for car purchase
Its often talked about using a HELOC to help purchase other rentals, home improvements etc. Given that HELOC interest is tax deductible, I was wondering if it made sense to use for a car purchase? I know interest on a...
Ryan York
Real estate syndication evaluation: Recovery Homes?
I need help with numbers to decide if starting a syndicate would work for purchasing recovery homes or if I should just wait until I can purchase another one on my ownProperty cost estimate 450k. total cash to close ...
Vitaliy Fylyk
Can someone help me make an offer on a deal?
It's a property in NYC (Brooklyn) that the owner asks for 5.2m but it won't sell because doesn't make any sense, NOI is 27xxx, 18 units + 2 retail. Even if someone put down 20% and financed 4,160,000 it would still ha...
Valessa Davis
Mortgage Question - Rate Lock
Currently under contract for an investment property with a rate lock in place and agreed 15% down payment due to great credit scores. During the due diligence I negotiated the price down $15k. Now the lender says they...
Angdronell Durant
Contract to use to get FSBO under contract
What contract should I use to put a FSBO under contract? Preferably a 1-2 pager that won't make them feel like they are doing to much signing and possibly scare them away. If that makes sense
Lincoln Tudor
Potential First Deal between Mother and Son, Brooklyn NY
The house we grew up is in the middle of foreclosure! It's a 3 story duplex in Flatbush/Ditmas Park Brooklyn. My mother is the distressed owner and is giving up on the property that she's had for over 20 years. The ho...
John Racine
Accelerated Depreciation
Does anyone use accelerated depreciaiton or Chattel Appraisals to increase their cash flow?? I own a company that offers these services and am curious for the feedback whether you do or do not and why either way.
Th...
Danny Farrell
Should I do a cash out refi for a future rental property?
Hey BP Friends! I bought my first duplex almost 2 years ago, and am currently house hacking. The rental unit pretty much pays my mortgage, and I've built up some decent equity. I've also accumulated a lot of credit ca...
Herndon Davis
Mobile, AL - Property Management Firms and Contractors Referrals
Looking for strong recommendations for Mobile based Property Management firms and Contracts (minor work and extensive). Just getting my ducks in a row in building a team. Also feel free to tell me your horror storie...